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Don’t be fooled by study’s dramatically lower cyberthreat estimate, experts say

A recent study greatly reduces an often-cited estimate on the economic impact of cybercrime and cyberespionage should not give companies a reason to spend less on security, experts say. The McAfee-sponsored report, released on Monday, found that Internet-based crime and spying cost the U.S. economy as much as $100 billion a year, not the $1 trillion originally estimated by the Intel-owned security vendor. McAfee acknowledges that the earlier figure, included in President Barack Obama’s 2009 cybersecurity speech, was inflated.”]

Source: https://www.csoonline.com/article/2133788/don-t-be-fooled-by-study-s-dramatically-lower-cyberthreat-estimate–experts-say.html

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